Gujarat Ambuja Exports (NSE:GAEL) Piotroski F-Score: 4 (As of Jun. 29, 2026) — 33% Below Median


NSE:GAEL Gujarat Ambuja Exports Ltd NSE:GAEL
77 GF Score
Price ₹158.27
GF Value ₹155.52
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Gujarat Ambuja Exports Piotroski F-Score?

Gujarat Ambuja Exports NSE:GAEL -2.04% 77 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates NSE:GAEL with a GF Score™ of 77/100 and a GF Value™ of ₹155.52 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Gujarat Ambuja Exports ranks worse than 67.17% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Gujarat Ambuja Exports has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Gujarat Ambuja Exports's Piotroski F-Score or its related term are showing as below:

NSE:GAEL' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Gujarat Ambuja Exports was 8. The lowest was 4. And the median was 6.

Gujarat Ambuja Exports  (NSE:GAEL) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Gujarat Ambuja Exports Piotroski F-Score Related Terms


Gujarat Ambuja Exports Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Gujarat Ambuja Exports's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gujarat Ambuja Exports Piotroski F-Score Chart

Gujarat Ambuja Exports Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 5.00 5.00 4.00

Gujarat Ambuja Exports Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 0.00 0.00 0.00 4.00

NSE:GAEL vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Gujarat Ambuja Exports's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gujarat Ambuja Exports Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gujarat Ambuja Exports's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Gujarat Ambuja Exports's Piotroski F-Score falls into.


NSE:GAEL
77GF Score
Gujarat Ambuja Exports Ltd NSE:GAEL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was ₹3,043 Mil.
Cash Flow from Operations was ₹2,280 Mil.
Revenue was ₹57,286 Mil.
Gross Profit was ₹14,757 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (35870.7 + 41595.4) / 2 = ₹38733.05 Mil.
Total Assets at the begining of this year (Mar25) was ₹35,871 Mil.
Long-Term Debt & Capital Lease Obligation was ₹389 Mil.
Total Current Assets was ₹22,126 Mil.
Total Current Liabilities was ₹6,941 Mil.
Net Income was ₹2,493 Mil.

Revenue was ₹46,126 Mil.
Gross Profit was ₹12,400 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (33097.7 + 35870.7) / 2 = ₹34484.2 Mil.
Total Assets at the begining of last year (Mar24) was ₹33,098 Mil.
Long-Term Debt & Capital Lease Obligation was ₹98 Mil.
Total Current Assets was ₹19,377 Mil.
Total Current Liabilities was ₹4,575 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Gujarat Ambuja Exports's current Net Income (TTM) was 3,043. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Gujarat Ambuja Exports's current Cash Flow from Operations (TTM) was 2,280. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=3042.8/35870.7
=0.08482689

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2493.3/33097.7
=0.07533152

Gujarat Ambuja Exports's return on assets of this year was 0.08482689. Gujarat Ambuja Exports's return on assets of last year was 0.07533152. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Gujarat Ambuja Exports's current Net Income (TTM) was 3,043. Gujarat Ambuja Exports's current Cash Flow from Operations (TTM) was 2,280. ==> 2,280 <= 3,043 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=389.1/38733.05
=0.01004568

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=98.2/34484.2
=0.00284768

Gujarat Ambuja Exports's gearing of this year was 0.01004568. Gujarat Ambuja Exports's gearing of last year was 0.00284768. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=22125.5/6940.5
=3.18788272

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=19377/4575
=4.23540984

Gujarat Ambuja Exports's current ratio of this year was 3.18788272. Gujarat Ambuja Exports's current ratio of last year was 4.23540984. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Gujarat Ambuja Exports's number of shares in issue this year was 458.944. Gujarat Ambuja Exports's number of shares in issue last year was 458.327. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=14757.4/57286
=0.25760919

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12399.9/46125.8
=0.26882786

Gujarat Ambuja Exports's gross margin of this year was 0.25760919. Gujarat Ambuja Exports's gross margin of last year was 0.26882786. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=57286/35870.7
=1.59701372

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=46125.8/33097.7
=1.39362554

Gujarat Ambuja Exports's asset turnover of this year was 1.59701372. Gujarat Ambuja Exports's asset turnover of last year was 1.39362554. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+0+0+0+0+1
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Gujarat Ambuja Exports has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Gujarat Ambuja Exports (NSE:GAEL) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gujarat Ambuja Exports and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Gujarat Ambuja Exports' Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Gujarat Ambuja Exports ranks #1283 out of 1910 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Gujarat Ambuja Exports' Piotroski F-Score too high?
Gujarat Ambuja Exports' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Gujarat Ambuja Exports' value of 4 is 20% below this industry median. Based on the distribution chart, Gujarat Ambuja Exports ranks #1283 out of 1910 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Gujarat Ambuja Exports has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Ambuja Exports' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Gujarat Ambuja Exports ranks #1283 out of 1910 companies for Piotroski F-Score. This places Gujarat Ambuja Exports in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Gujarat Ambuja Exports' value of 4 is 20% below this benchmark. Historically, Gujarat Ambuja Exports' own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Gujarat Ambuja Exports has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gujarat Ambuja Exports's current Piotroski F-Score of 4 is 20% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Gujarat Ambuja Exports and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Ambuja Exports's current Piotroski F-Score is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Ambuja Exports stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Ambuja Exports (NSE:GAEL) is currently considered Fairly Valued. The stock's GF Value™ is ₹155.52, compared to a current price of ₹158.27 — trading 1.8% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Gujarat Ambuja Exports' overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Gujarat Ambuja Exports (NSE:GAEL), the current Piotroski F-Score is 4 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gujarat Ambuja Exports (NSE:GAEL) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Ambuja Exports stock appears to be overvalued. The current stock price of ₹158.27 is trading 1.8% above its estimated GF Value™ of ₹155.52. GuruFocus considers Gujarat Ambuja Exports to be Fairly Valued.

Key valuation signals for NSE:GAEL:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ₹155.52 vs. price of ₹158.27 (1.8% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1283 of 1910)

No single metric tells the full story. See the NSE:GAEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gujarat Ambuja Exports Business Description

Other Exchanges 524226:India
Address Sindhu Bhavan Road, Ambuja Tower, P.O. Thaltej, Opposite Sindhu Bhavan, Bodakdev, Ahmedabad, GJ, IND, 380054
Gujarat Ambuja Exports Ltd is an agro-processing conglomerate. It is engaged in solvent extraction comprising all types of oil seed processing, edible oil refining, spinning, maize processing comprising its starch and its derivatives, wheat processing, cattle feed, and power generation through wind mills, bio gas, thermal power, and solar plant, mainly for internal consumption. The group's reportable operating segments are: Agro, Spinning, Maize, and Power. The majority of its revenue is generated from the Maize segment, which processes and sells starch and its derivative products such as liquid glucose, dextrose syrup, high maltose corn syrup, and others. Geographically, it generates maximum revenue from its business within India, and also exports its products to other markets.
77GF Score

Get the complete analysis for NSE:GAEL

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹158.27
Price
₹155.52
GF Value